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Auto News digest.

Publication: Automotive News
Publication Date: 30-MAR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Auto News digest.(NEWS)(Daimler AG is in need of cash)(pay cut for AutoNation Inc's Mike Jackson)(Toyota Motor Corp. cuts its production )

Article Excerpt
Analysts: Arabs' Daimler stake shows cash need

MUNICH Analysts say Daimler AG's move to raise billions of euros in fresh capital shows how badly European automakers need cash in the current weak economic climate. On March 22, Daimler said it will raise 1.95 billion euros ($2.67 billion) through the sale of a 9.1 percent stake to Abu Dhabi's Aabar Investments PJSC.

Max Warburton, of Bernstein Research, said the move...



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